Industrial Property in Honolulu,
For Sale
$1,500,000
1649 Democrat Street, Honolulu, HI 96819
MULTI_FAMILY - Honolulu, HI
Property Size3,824 SF
Lot Size0.10 Acres
Price / SF$392.26
Days on Market112
Property Features for 1649 Democrat Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
42 - I-2 General Industrial Dis
Parking
4
Parking features
Open
Appliances
Dryer, Washer
Subdivision
KAPALAMA
Lot features
Cleared, Corner Lot, Level
Standard status
Active
APN
1-1-2-004-056-0000
Size
3,824 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
4812
Utilities
Utilities
Water Available
Building Details
Year built
1944
Floors in Building
2
Number of units
8
Building materials
Masonry, Stucco
Listing Agency:
SC Realty, LLC
(808) 591-6277
Listed By:
Daniel K Chong · License #RS-75172
(808) 687-1314
Added: Apr 13
Changed: Apr 28
Last Checked: Aug 2 at 2:06AM
MLS# 202607294
Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial-zoned property in Kalihi offers redevelopment or owner-user potential. The property includes two structures totaling approximately 3,824 square feet, situated on a 4,514 square foot lot. It is zoned I-2, which allows for a wide range of commercial and industrial uses. The location provides convenient access to Nimitz Highway, the H-1 Freeway, the airport, Sand Island, and Honolulu Harbor. This property is suitable for investors, contractors, or businesses, and presents strong upside potential for investors and developers.
Key Highlights
- Industrial zoning (I‑2) allows for a wide range of commercial and industrial uses.
- Strong redevelopment or owner‑user potential.
- Income‑producing property.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.5k | $18.96 |
| − Vacancy | −$819 | −$0.21 |
| EGI | $71.7k | $18.75 |
| − OpEx | −$21.5k | −$5.62 |
| NOI | $50.2k | $13.12 |
3,824 SF · lease $18.96/SF/yr · vacancy 1.13% · expense 30.00%
Alternative Uses
Best Use
Industrial
$716.8K
$627.2K – $836.3K
NOI $50,179 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,449 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 96819, HI
53,334
Population
13,287
Households
4
Avg Household Size
39
Median Age
22%
College-Educated
84%
High-School Grad
21.8 sq mi
ZIP Area
2,447
Density / Sq Mi
$96,346
Median Household Income
$40,897
Median Earnings
$1,789
Median Rent
$963,900
Median Home Value
Market
Properties on Market for Industrial properties in Honolulu
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial-zoned property with redevelopment potential in convenient Honolulu location.
Where is this industrial property located?
The property is located at 1649 Democrat Street Honolulu, HI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Industrial zoning (I‑2) allows for a wide range of commercial and industrial uses.; Strong redevelopment or owner‑user potential.; Income‑producing property.
